The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - In our 2019 post on evaluating tax expenditures, we explain that periodically reviewing tax expenditures is important because, like direct state expenditures, they have budgetary costs. Such reviews can help policymakers assess whether a tax expenditure is effective and merits continued financial support from the taxpayers.
https://lao.ca.gov/Publications/Report/4207

Tax Expenditure Evaluation [Publication Details]

Feb 22, 2023 - Tax Expenditure Evaluation [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4690

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - As such, ongoing General Fund commitments —including tax expenditures —should clear a very high bar of need. For example, it could make sense to limit these commitments to proven ways of (1)  addressing critical health and safety issues or (2)  preventing serious deterioration of core state responsibilities.
https://lao.ca.gov/Publications/Report/4890

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - The annual budget process gives the Legislature a natural opportunity to review and possibly modify conventional expenditures. Expiration dates provide similar opportunities for tax expenditures, helping the Legislature make the best use of its budgetary resources.
https://lao.ca.gov/Publications/Report/4040

The 2023-24 Budget: California's Film Tax Credit [Publication Details]

Feb 28, 2023 - The 2023-24 Budget: California's Film Tax Credit [Publication Details] Description: This brief surveys research on the economic effects of state film tax credits and analyzes the Governor's proposal to extend California's film tax credit for five years.
https://lao.ca.gov/Publications/Detail/4713

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Second, the requirements do not apply to independent films with qualified expenditures less than $10  million. Assessment Legislature ’s Assessment Should Depend on How It Prioritizes Hollywood ’s Importance.
https://lao.ca.gov/Publications/Report/4713

Biannual Report on Truck Deliveries [Publication Details]

Dec 1, 2021 - Chapter 226 of 2019 (AB 321, Patterson) created a sales and use tax exemption for certain truck deliveries. The law also directs our office to submit a biannual report measuring the number of truck deliveries affected by the new exemption. This post describes our attempts to fulfill this requirement.
https://lao.ca.gov/Publications/Detail/4479

Biannual Report on Truck Deliveries

Dec 1, 2021 - Biannual Report on Truck Deliveries December 1, 2021 Biannual Report on Truck Deliveries Law Exempts Certain Truck Purchases From Sales and Use Tax. Chapter  226 of 2019 (AB  321, Patterson) created a sales and use tax exemption for truck sales that meet all of the following criteria: The truck has an unladen weight of at least 6,000 pounds.
https://lao.ca.gov/Publications/Report/4479

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - These requirements make participation more costly, but they have led to greater transparency than the state typically provides regarding the use of tax expenditures. Benefits Occur Gradually. Historically, the usage rate of exclusions has peaked one to two years after the participant receives the award.
https://lao.ca.gov/Publications/Report/4327

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - LAO Alternatives Eliminating or Modifying Other Tax Expenditures Worth Consideration. In addition to the business tax provisions put forward by the Governor, we suggest the Legislature —should it wish to pursue revenue solutions —consider alternative revenue options.
https://lao.ca.gov/Publications/Report/4238